Colorado To Cannabis Retailers: How We Doing?

An amendment to allow banks to deal with marijuana businesses shows a clear trend toward a loosening of anti-marijuana sentiment in the government.

COLORADO:  The State of Colorado wants to be a better partner it’s legally-licensed pot shops, and in an effort to better understand their needs has tapped the expertise of Clear Voice Research to conduct a first-ever research study.  Designed to help inform how the Colorado Department of Health and Environment can be a better partner to Read the full article…

Colorado Government Reports $1.3 Billion In Marijuana Sales Generated Nearly $200 Million In Tax Revenue in 2016

The legal cannabis market is big, and getting bigger

COLORADO: The Marijuana Policy Project issued the following statement in response to the Colorado Department of Revenue’s announcement that $1.3 billion in regulated marijuana sales took place in calendar year 2016, generating nearly $200 million in state tax revenue. These figures do not include millions of dollars in revenue generated by local taxes on marijuana. Read the full article…

Hoban Law Group Files Ninth Circuit Petition To Challenge Recent DEA Classification of “Marihuana Extracts”

Justice Department has options to crack down, but may galvanize the push for even wider legalization

COLORADO: In an overreach of authority and without consulting Congress, the Drug Enforcement Administration (DEA) issued its Final Rule, the “Establishment of New Drug Code for Marihuana Extract,” on Dec 14, 2016. In response to the change, which serves to potentially devastate developing businesses and consumer, textile and manufacturing industries related to industrial hemp and other Read the full article…

Teen Marijuana Use In Colorado And Washington Dropped More Than The National Average in 2014-2015

fewer teens smoke pot in legal states

COLORADO: The federal government quietly published new national survey data this week that shows rates of teen marijuana use in Colorado and Washington — the first two states to legalize and regulate marijuana for adult use — decreased more than the national average in 2014-2015. Fewer teens in the two states are reportedly using marijuana than in Read the full article…

MassRoots Enters Into Definitive Agreement To Acquire Whaxy

MassRoots To Acquire Whaxy

COLORADO: MassRoots, one of the leading technology platforms for the cannabis industry, this week announced it has entered into a definitive agreement to acquire DDDigtal Inc. d.b.a. “Whaxy” & Cannabuild for $100,000 cash and 2,926,830 million shares of MassRoots’ common stock. Since launching in May 2016, Whaxy‘s menu management and online ordering platform for licensed cannabis businesses has processed Read the full article…

Chong’s Choice Colorado: Premium Quality, No Mark Up

Chong's Choice Comes To market

COLORADO: Chong’s Choice is the only celebrity brand to be offered without an exorbitant mark up in price. A Marijuana Business Daily report, released in December 2016, found that of the three major celebrity cannabis brands available in the U.S. (Leafs by Snoop, Willie’s Reserve, and Chong’s Choice), Chong’s Choice was offered with the least amount Read the full article…

Study: History Of Marijuana Use Inversely Associated With In-Hospital Mortality

news study confirms efficacy of medical marijuana

COLORADO: Hospitalized patients who test positive for cannabis are less likely than non-users to suffer from heart failure or cardiac disease, and are less likely to die from cancer, according to data published online ahead of print in the journal Cancer Medicine. A team of researchers from the University of Northern Colorado, Colorado State University, and the University of Read the full article…

Kalyx Development Surpasses 600,000 Square Feet Under Management With The Acquisition Of Properties In Washington State and Arizona

Kalyx Development surpasses 600,000 in Canopy

COLORADO: Kalyx Development, a private real estate investment trust and pioneer in providing specialized real estate to the cannabis industry, announces the acquisition of two facilities in Washington State and Arizona.  At a combined 348,000 square feet, these two acquisitions advance the company’s holdings to over 600,000 square feet of cultivation and processing space, across seven buildings Read the full article…

CannaScore Wins Banking Appeal – Has Account Fully Restored

Marijuana is big business

COLORADO: CannaScore announced it is has been successful in its appeal, and its banking privileges have been restored. As reported here on MJ News Network last month, the company had certain banking privileges revoked when its financial services provider discovered the company was providing services to the marijuana industry. During the appeal, the company offered its products Read the full article…

CannaScore Offers Free Compliance Auditing Tool After Bank Revoked Its Credit Card Processing Privileges

cannascore

COLORADO: CS Compliance Systems, developers of CannaScore – the world’s first real-time regulatory compliance auditing application for the cannabis industry, announced that its credit card processing privileges were revoked after their bank realized that CannaScore was providing services to the marijuana industry. In response, the company announced that it is now offering its products free of Read the full article…